Ocean Point by EMAAR at Rashid Yachts & Marina

Rashid Yachts & Marina is an Emaar master community on the site of Port Rashid, the historic commercial port of Dubai. Its marina has more than 400 wet berths for yachts up to 100 metres long, along with a floating yacht club. The Queen Elizabeth 2, the retired ocean liner that now operates as a floating hotel, is moored inside the community.

The community is part of the Mina Rashid district of Bur Dubai. It has a waterfront promenade with shops, cafes and restaurants, 6 interconnected district parks and several hotels, and homes across the masterplan have views of Burj Khalifa and the Arabian Sea.

Emaar Properties was established in 1997 and is listed on the Dubai Financial Market. The company has delivered over 125,600 residential units in Dubai and other global markets since 2002, and its portfolio includes Burj Khalifa, The Dubai Mall, Downtown Dubai, Dubai Opera and the Address Hotels + Resorts brand.

In 2025, Emaar recorded its highest annual property sales at AED 80.4 billion, with revenue of AED 49.6 billion and net profit before tax of AED 25.7 billion. Its revenue backlog, the value of sales still to be recognised as revenue, was AED 155 billion on 31 December 2025.

These are the steps to buy off-plan property in Dubai at a project like Ocean Point, from choosing a unit to receiving the title deed.

Step 1 | Choose the Unit. Select the home type, size and view from the Ocean Point floor plans and confirm the current price with Emaar or a registered broker.
Step 2 | Pay the Booking Amount. Reserve the unit with the 10% booking amount, using a passport copy or, for UAE residents, an Emirates ID.
Step 3 | Sign the SPA. The Sales and Purchase Agreement sets out the unit number, area, price, payment schedule and the Q2 2028 completion date.
Step 4 | Register on Oqood. The developer registers the sale on the Oqood interim register of the Dubai Land Department, and the 4% registration fee is paid at this stage.
Step 5 | Pay Construction Instalments. The 80% construction share is paid in instalments as the building progresses. Check the reported completion percentage before each payment.
Step 6 | Inspect and Take Handover. Before handover, inspect the home and list any defects for the developer to fix. The final 10% is paid on handover, and the title deed is then issued in the buyer's name.

1. Project registration and escrow. Under Dubai Law No. 8 of 2007, every off-plan payment must go into a project escrow account approved by the Dubai Land Department. Confirm the project registration, the escrow account number and the custodian bank before transferring any money, and never pay into a personal or agency account.
2. Service charges and other costs. Service charges apply from handover and are billed per sq.ft. each year. Ask for the estimated rate and any developer admin fees before booking, so the full cost of ownership is clear.
3. Mortgage limits. UAE Central Bank rules cap a mortgage on off-plan property at 50% of its value. On a AED 1.66M home, at least AED 830,000 must come from the buyer's own funds.
4. Missed payment rules. Under Dubai Law No. 13 of 2008 as amended, a buyer who stops paying first receives 30 days' notice. After that, the developer may keep up to 25% of the unit value if the project is less than 60% complete, up to 40% between 60 and 80%, and all payments plus a claim for the balance above 80%.
5. SPA terms. Before signing, read the completion date, delay clauses, the allowed difference between plan area and final area, the defects liability period and the terms for reselling the unit before handover.
6. Who you deal with. Book directly with Emaar or through a broker who holds a valid RERA card and signs a written brokerage agreement that states the commission.